The gig economy continues to expand and that means food delivery drivers, and private hire owner/drivers are looking for flexible insurance that can be switched on and off via app, so when you take a […]
The new solution uses a “parametric” trigger, so a customer is automatically indemnified if any unforeseen event leads to reduced profits. This is the first policy developed by Lloyd’s Product Innovation Facility, which was launched […]
Some of the UK’s biggest insurance and long-term savings companies have signed up to an ABI-led sector initiative aimed at ensuring transparent, easily accessible information on parental leave and pay policies. Coinciding with the start […]
As part of its mission to make pet insurance fairer for everyone, Bought By Many will remove the industry-standard two-week waiting period for customers switching insurers in August. Until now, pet owners were not able […]
By Miles, the company offering drivers real time pay-as-you-go car insurance by the mile, has now seen over 10 million miles insured on its policies. Having launched the product to the UK public in July […]
A landmark Court of Appeal judgment that has provided much-needed clarity about how holiday pay should be calculated for certain types of worker, was brought using a group legal expenses insurance policy. The original employment […]
The FCA’s recent partnership with the Alan Turing Institute to examine the transparency and explainability of AI in the financial sector is an incredibly important and timely move, particularly for the insurance market. However, Tony Tarquini, […]
Every week Insurance Edge receives another batch of press releases announcing insurtech partnerships, AI claims settlement, plus automated admin and chatbots. So why are brokers, MGAs and insurers busily hiking their policy admin charges, when […]
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